CollBox, an accounting platform-integrated application that lets businesses collect on past-due invoices and monitor the health of their Accounts Receivable, recently crossed the milestone of over $1 million in past due debt successfully recovered.
"Small business success is so reliant on cash flow, and endangered by uncollected invoices," Cameron Desautels, founder of CollBox explained. "We are passionate about getting businesses paid for the work they deliver, and about supporting accountants and bookkeepers to advise on AR and collections proactively."
CollBox analyzes overdue debt, provides connections to vetted collection solutions, and unlocks past due AR that would otherwise be written off eventually.
"We are proud to reach the million dollar mark in successfully recovered revenue for our customers, but we have only begun to scratch at the past due AR in the US economy," said Desautels. Our platform's integrations to bookkeeping software and connection to a network of collection agencies are the foundation on which we'll continue to build cash flow recovery solutions for our clients."
CollBox is a financial technology services company based in Austin, Texas leading advances in the credit, debt, and collections markets. CollBox was recognized by Intuit™ with the QBConnect Hackathon Grand Prize, and has since received investment from Bala Investments and Capital Factory Austin to scale and help more small businesses get paid.